E-Commerce Giant Alibaba To Use Blockchain For Tracking Goods For Its Tmall Global Marketplace

E-Commerce Giant Alibaba To Use Blockchain Technology For Tracking Goods

The subsidiary of Alibaba Group, Tmall Global, is running tests on a blockchain technology to be able to trace imported goods. There are different features being implemented, including a system of image recognition and laser marks. The main intention behind it is to be able to monitor the delivery on every single step of the process. The information was released by u.today on February 25.

Imported goods will have also a “visa” feature that will be tracing a QR code of this specific imported good. As soon as goods are bought firms have to attach the QR code on top of the goods’ packaging. Some information regarding the product must be provided such as the time of the purchase and the location, among other things.

Users can scan the QR code and receive all the information regarding this product. Alibaba’s subsidiary wants to create the QR codes on its own. This works in a similar way as VeChain’s RFID. As soon as the QR code is removed, it is eliminated. Moreover, it will be non-reusable or replicable anymore. Since the system is based on blockchain technology, there will be no possibilities to change or erase it.

There will also be some laser marks and other technologies in place that will stop codes from being copied or modified. According to local reports, the system for tracking goods using blockchain technology will be used for high-end goods and also the fashion industry.

In the past, JD.com, an e-commerce giant in China, decided to implement a tracking system based on distributed ledger technology as well. With it, it was possible to provide users with information about the product that they were purchasing. Specifically, the DLT platform aimed at improving the quality of the products consumed by buyers.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide